Latham-based Plug Power says that it is looking to expand into Asia and to open up sales of its GenDrive fuel cell at its customers' retail stores.

Currently, GenDrive fuel cells are used only in fork lift trucks at distribution centers for customers such as Walmart, Wegmans, Whole Foods and others to power forklift trucks.

However, during a conference call Tuesday morning, CEO Andy Marsh said that those customers with retail sites have asked if they could use GenDrive on forklifts at those stores as well, mainly for taking shipments off tractor-trailers.

The company also said that its business model is shifting so that down the road, service, hydrogen sales and fueling infrastructure will make up 60 percent of its revenue stream, with fuel cell product sales making up 40 percent.

Hydrogen is used to power the GenDrive fuel cells. A major Plug Power investor is Air Liquide, a large hydrogen supplier.

Marsh also said that Plug expects to receive a noncompliance letter from the Nasdaq stock market because its stock price is below $1.

Marsh said the company will appeal, and he hopes to get an extension to get the stock price up to $1. The stock ended trading Tuesday at 62 cents, down 12 percent for the day.

If that doesn't work, the company will do a reverse stock split that would automatically raise the stock price, but lower the number of outstanding shares.

Marsh said the company will look to expand into Asia, but without using cash to fund the operation. Instead it will partner with companies that need a fuel cell supplier.

Shareholders have already approved a stock split, but the company would rather raise the price by driving orders and revenues up. The company, which has never turned a profit, says it could break even by the middle of next year.

Marsh also said that Plug believes its fuel cell could be used in tandem with an electric battery in a utility vehicle, such as a delivery truck, to extend the range of the truck. That came after an investor asked about potential partnering with electric vehicle makers.